Wamakko presents N112.5bn budget for 2015

Sokoto presents N112.5bn budget for 2015
By Abdallah el-Kurebe

Governor Aliyu Wamakko of Sokoto state on Wednesday presented N112,541,452,000 billion as budget for the 2015 fiscal year down from the 2014’s N125,872,202,000 billion.

The 2015 budget represents 10.59 percent decrease from 2014 which, according to Wamakko is as a result of the dwindling resources that accrue to us from the Federal Account.

Capital Expenditure stands at N61.7 billion while Recurrent Expenditure is N50.8 billion in the budget that is tagged: “Budget of Accomplishment.”

Sectoral allocations from highest to lowest are as follows: General Administration, N19,706,539,637; Works, Transport and Energy, N9,584,316,790; Education, N7,847,353,143; Water Resources, N5,511,032,895; Lands, Housing and Survey, N4,585,801,434.

Others are Agriculture, Animal Health and Fisheries, N3,864,734,216; Health, N3,516,029,064; Rural development, N2,665,055,339; Information, Social Welfare, Youth, Sports and Culture, N1,885,604,712; Solid Minerals Development, N726,015,945; Commerce, Industries and Tourism, N537,869,717; Environment, N534,356,678; Women Affairs, N441,061,052;

The budget would be serviced through expected Total Retained Revenue of N102,818,452,000; SURE-P, N3 billion; UBEC Funds, N1 billion; Loans and Grants to Capital Projects, N723 million and MDGs/CGS, N5 billion.

Wamakko said that the main thrust of the 2015 budget is to complete ongoing projects as a way of providing services to the people of the state and based on the existing Nigerian economic realities.

Speaking with Newsdiaryonline, Isa Bajini Galadanci, Commissioner in charge of Ministry for Budget and Economic Planning said that the budget also “is to make a shift from teaching people how they can take from government to how they can give themselves and the government.”

Posted by Abdallah el-Kurebe